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Nokia: Moody's cuts Nokia to "junk" on fears of cash burn
Moody's slashed Nokia's credit rating to "junk" on Friday after the Finnish cellphone maker cut 10,000 more jobs and forecast a wider-than-expected loss, citing worries about its cash position and slow sales of new Windows phones.
iPhone 5 Release Date, Replaceable Camera Lens Rumor
Apple is alleged to put more emphasis on cameras on its mobile devices, including the iPhone 5, the next generation of the company’s smartphone.
Costco to buy out partner in Mexican unit
Warehouse club operator Costco Wholesale Corp plans to buy out its joint venture partner Comercial Mexicana's 50 percent stake in its Mexican unit for 10.7 billion pesos ($766.79 million) and take full control of the business in its third-largest market.
Apple Failed to Ban Samsung, Galaxy S3 to Arrive as Planned
US District Court Judge Lucy Koh denied Apple’s court ban towards Samsung Galaxy S3, and the Android-based smartphone will launch in the United State on schedule in the coming week.
iPhone 5 Release Date Rumor: Available with iOS 6 in Fall 2012
Apple kicked off its annual WWDC on Monday with announcements of new products and software, including iOS 6, OS X Mountain Lion, new MacBook Pro, and MacBook Air. The iOS 6 beta has been released for developers and will finally hit the market in fall 2012. Based on the historical release date of iPhone and iOS, iPhone 5 is likely to be released with the new iOS.
Designer Kenneth Cole to take namesake company private
American clothing designer Kenneth Cole will take his eponymous fashion house private for $15.25 per share, slightly more than he had offered in February.
2-Ranbaxy gets U.S. OK for acne treatment
2-Ranbaxy gets U.S. OK for acne treatment Indian group Ranbaxy Laboratories has received U. S. approval for acne treatment drug Absorica and expects a U.
Dollar General's rising star tied to strong credit story
Dollar General Corp this week returned to investment grade territory when Standard & Poor's upgraded its rating by one notch to BBB-minus.
Adidas to slash Reebok store base in India
Germany's Adidas said on Thursday it would cut the number of its Reebok stores in India by about one-third as it tackles "commercial irregularities" at the unit, an issue that has clouded a strong start to a bumper sports year.
P.F. Chang's to go private in $1.1 bln deal
P.F. Chang's China Bistro Inc, which has been fighting to recover from ill-timed price increases, said it would go private in a $1.1 billion deal with Centerbridge Partners, sending its shares up 30 percent.
Mississippi Governor: Democrats' 'One Mission In Life Is To Abort Children'
While Mississippi Gov. Phil Bryant has demonstrated he is unafraid to make controversial and even hyperbolic statements regarding women's reproductive rights in the past, the conservative lawmaker took it one step further on Wednesday night when he said proponents of legalized abortion have one miss...
Burger King Will Be First Fast-Food Chain To Use 'Cage-Free' Eggs
On Wednesday, Burger King Corp. became the world's first fast-food chain to get all of its eggs and pork from cage-free chickens and pigs.
Hardee's®
Awarded "Most Improved Burger Chain" in 2003 by Sandelman & Associates, Hardee's® is constantly exploring new ideas, developing new products and refining its growth strategy. And that strategy is working, thanks to the support of our franchise community.
McDonald's Washes Lettuce in Washing Machine? Arabian Franchise Denies Claims
A the Middle East franchise of American fast food giant McDonald's has refuted allegations that lettuce is being washed in a washing machine, prior to being served to customers. The allegations were made after a crudely shot video clip, allegedly from a kitchen of an as yet unidentified McDonald's outlet, was uploaded on YouTube.
Play N Trade Berwyn, Illinois Celebrates Grand Opening
Play N Trade Franchise, Inc, the largest video game franchise worldwide, announced its grand opening of its Berwyn, Illinois store on Saturday, March 31st.
McDonald Offers New Olympic Program
The world's largest fast-food chain is going to 'make children' healthier through a "Mascotathon" campaign.
The Hornets—the Next Successful NBA Franchise?
Tom Benson sat in front of an NBA logo on Friday as he announced his decision to purchase the New Orleans Hornets. He read a prepared statement, then opened it up to the press to ask questions.
McDonald's in franchising deal with Russia's Rosinter
MOSCOW (Reuters) - McDonald's Corp
China Disney project secures $2 billion loan: media
SHANGHAI (Reuters) - The operator of the planned Shanghai Disney theme park has secured a 12.9 billion yuan ($2 billion) syndicated loan for the construction of the park, Chinese media reported on Wednesday, a boost for Walt Disney Co
Best Buy to take 6 months - 9 months to name new CEO
Best Buy Co's board expects to take six to nine months to find a permanent replacement for CEO Brian Dunn, who resigned abruptly earlier this week.
BEST BUY BOARD STILL PROBING EX-CEO'S CONDUCT
Best Buy Co Inc's board is still looking into the personal conduct of the retailer's former chief executive even though he already left the company, a spokesman for the board said on Wednesday.
CHINA DISNEY PROJECT SECURES $2 BILLION LOAN: MEDIA
The operator of the planned Shanghai Disney theme park has secured a 12.9 billion yuan ($2 billion) syndicated loan for the construction of the park, Chinese media reported on Wednesday, a boost for Walt Disney Co
MCDONALD'S IN FRANCHISING DEAL WITH RUSSIA'S ROSINTER
McDonald's Corp will franchise out restaurants in Russia for the first time after picking the sector's largest restaurant holding company Rosinteras its partner in the fast-growing market.
Burger King's New Menu & New Life
Burger King is trying to use a rival's recipe for success to revive its empire, which is ailing since the chain was started in 1954.
Burger King to Go Public Again
Burger King Worldwide Holdings Inc said it would go public through an agreement with London-listed investment firm Justice Holdings Ltd;, less than two years after it agreed to be taken private by private equity group 3G Capital Management LLC.
Starbucks' Find Partners for U.S. job creation Fund
Google Offers and Banana Republic are the first businesses to join Starbucks Corp in raising money for a U.S. job creation fund started by the world's biggest coffee chain late last year.
Buy Local Vs. Big Box Stores
Wal-Mart's said landing at Diagonal Plaza, Boulder, has raised the controversy about whether local community should support or oppose franchise businesses' newly opening.
American Food Franchise Entering Middle East
Boardwalk Fresh Burgers & Fries, a traditionally American food server starting from Ocean City, maryland, announced its strategic partnership with MEFranchising, a leading Arabia-based franchise consultant, to launch new business in the Middle East.
H&M Confirms Reports Of New Store Chain Launch By 2013
After rumors emerged this week that H**9**amp;M is planning its first luxury brand, the Swedish retailer confirmed March 29 that a new store chain will be launched in 2013.
Leading Beef Producer Allows Tour of plant to Bolster Image
A maker of the hamburger filler branded by critics as "pink slime" on Thursday allowed three state governors supportive of the beef industry and a handful of journalists to see it being made for the first time since a controversy erupted over use of the meat scraps.
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